This two-headed dragon was part of the Arco/Fleetwood Toys line that was branded with the logo of the 1982 film The Sword and the Sorcerer (the toys hit shelves in 1983). This has more to do with the financial success of the film, which was a surprise box office hit making something like ten times its budget, and less about how appropriate the R-rated schlock was for kids (answer: not at all appropriate). Anyway, the toy line exists, is great, and at least the larger, hard plastic toys are not reflective of anything in the film. I don’t remember a two-headed dragon, anyway. He does remind me a bit of the troll dragon from Willow. He also resembles the design of the much larger two-headed dragon from Imperial Toys, which also came out in 1983. The possibility that one or the other is a knock-off of a knock-off is just too delightful for my little heart.

Somewhat unrelated, but the staging of one scene in The Sword and the Sorcerer does seem to have influenced one of the arena screens in the 1987 Commodore 64 videogame Barbarian, which has a banging soundtrack you absolutely should listen to.